News & Analysis Results

Nelson Re catastrophe bond extended again

News 1st December 2011

The confusion around whether the Nelson Re catastrophe bond from Glacier Re is going to make a payout to investors continues after the deal was extended again a couple of days ago. This document from the Cayman Islands Stock Exchange shows that an extension notice was submitted on the 28th November, extending the deal until […]

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Nelson Re catastrophe bond remains on review for possible downgrade

News 28th August 2009

Moody’s Investor Service has announced that it will be keeping the Class G notes of catastrophe bond Nelson Re Ltd. on review pending a possible downgrade pending further information from the sponsor. Glacier Reinsurance AG sponsored Nelson Re. Moody’s requires further information to be able to assess loss estimates by line and state, work out […]

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European windstorm could threaten catastrophe bonds

News 26th January 2009

It’s often overlooked that there is catastrophe bond exposure in Europe, most of the coverage is related to hurricanes in the U.S. or earthquakes. Only when an event occurs of the magnitude of this past weekends windstorm does it suddenly become a talking point in the insurance-linked securities market. A deadly storm (Klaus) blew in […]

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Glacier Re press release on Nelson Re 2008-1

News 9th June 2008

Glacier Re have just released the below press release on their recent Nelson Re transaction. Remember, details on this and other deals are always available in our Deal Directory. Nelson Re issues $180 million of catastrophe bonds Glacier Reinsurance AG (“Glacier Re” or “the Company”), the Switzerland-based reinsurer, today announces that Nelson Re Ltd has […]

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